Reaffirmed: Barclays (LON:BARC) Overweight Rating Restated at J.P. Morgan; GBX 300 Target in Place


Barclays (LON:BARC) Rating Reaffirmed

London: In a comprehensive report shared with investors and clients on Monday, 7 December, J.P. Morgan has reaffirmed their Overweight rating on Barclays (LON:BARC) shares. They now have a GBX 300 price target on the company. J.P. Morgan’s target indicates a potential upside of 29.62% from the company’s last price.

From a total of 23 analysts covering Barclays PLC (LON:BARC) stock, 18 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 72% of the ratings are positive. The highest target price is GBX 357 while the lowest target price is GBX 200. The mean of all analyst targets is GBX 295.3 with a 26.59% above today’s (GBX 230.1) stock price. Barclays PLC was the topic of 91 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 7 with “Buy” rating. Deutsche Bank maintained shares with “Buy” rating and GBX 303 target share price in a report from a December 2. Investec maintained BARC stock in a recent report from December 4 with “Buy” rating. RBC Capital Markets maintained the rating on November 27. RBC Capital Markets has a “Sector Perform” rating and a GBX 290 price target on shares. Finally, Societe Generale maintained the stock with “Buy” rating in a report issued on a December 1.

Approximately 2.93M shares of stock traded hands. Barclays PLC (LON:BARC) has declined 11.02% since May 8, 2015 and is downtrending. It has underperformed by 9.95% the S&P500.

Reaffirmed: Barclays (LON:BARC) Overweight Rating Restated at J.P. Morgan; GBX 300 Target in Place

Barclays PLC is a global financial services holding company. The company has a market cap of 38.56 billion GBP. The Firm operates in five business divisions: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. It has 132.17 P/E ratio. Barclays Bank PLC is a wholly owned subsidiary of Barclays.